This weekend, The People’s Action for an Oil-Free Lofoten, VesterĂĄlen, and Senja, Folkeaksjonen, is closing the chapter on a successful decades’ long campaign to protect the area’s waters from oil drilling. The victory is a first step for Norway and other wealthy fossil fuel producers around the world that must lead in ending all new fossil fuel development and manage a decline of existing production.
exploration
“Victory for the planet” as South African court quashes Shell’s exploration licence
The history of Shell on the African continent is wrapped in a vortex of controversy that stretches back decades. However, last week, in a significant victory, a High Court in South Africa ruled that Shell’s exploration right to conduct seismic surveys on the so-called “Wild Coast” of the country was granted unlawfully.
Obama Scores A for Arctic and Atlantic Protection – Fails to Fight for Gulf
Today the Obama Administration once again demonstrated climate leadership by taking the Arctic Ocean off the table in its five-year offshore oil and gas drilling plan. The move was a logical next step from the exclusion of Atlantic waters announced earlier this year.
World Bank still funding the search for new fossil fuels, despite climate commitments
New analysis released today shows that the World Bank Group continues to finance billions of dollars in oil, gas, and coal projects each year, including projects to explore for new fossil fuel reserves.
World Bank Group Funds Fossil Fuel Exploration
The World Bank Group continues to invest in exploration for new fossil fuel reserves despite clear signs that we already have far more fossil fuels than we can afford to burn, and over the last five years, the World Bank Group’s total fossil fuel finance has trended upwards, with finance into the billions of dollars nearly every year.
Analysis: Fossil Fuel Exploration and the Green Climate Fund
Public support for fossil fuel exploration in rich countries is nearly triple the amount pledged to the Green Climate Fund.
The Fossil Fuel Bailout: G20 Subsidies for Oil, Gas and Coal Exploration
G20 countries are estimated to be spending $88 billion every year subsidising exploration for fossil fuels. This new report documents, for the first time, the scale and structure of fossil fuel exploration subsidies in the G20 countries.
Barents Sea: “The Next Big Oil Region”
Late last week, the Norwegian government issued a license to energy giant Statoil to allow it to start drilling in the controversial Arctic waters of the Barents Sea.
Worried about a 4-degree world? Then stop digging!
World Bank Group finance for projects that included fossil fuel exploration was highest in FY2013, at nearly $1 billion out of $2.7 billion total for fossil fuel projects in 2013.
World Bank Group financed $1 billion in fossil fuel exploration projects in 2013
World Bank Group finance for fossil fuel exploration projects from FY2008 to 2013 was highest in 2013, at nearly $1 billion out of $2.7 billion total for fossil fuel projects.